Q4FY17 Results: Indian Oil Corporation Ltd
Amir Shaikh / 25 May 2017
Indian Oil Corporation Ltd reported its results for the quarter ended March 31, 2017 today.
Indian Oil Corporation Ltd reported its results for the quarter ended March 31, 2017 today. The standalone numbers were largely positive due to higher petrochemical revenue.
The company's total sales for Q4FY17 came in at Rs 100,338.3 crore, which represents a 7.77 per cent sequential increase and 27.96 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 2680.3 crore and its EBIT margin stood at 2.67 per cent.
The company reported PAT of Rs 3584 crore, which represents a sequential QoQ decline of 42.1 per cent and a YoY decline of 42.1 per cent.
The company's stock opened Rs 430.65 on the BSE and closed at Rs 438.70 a gain of 1.87 per cent.
Indian Oil Corporation Limited is engaged in oil refining business. The company's segments include sale of petroleum products and petrochemicals and other businesses, which include sale of gas, explosives and cryogenics, wind mill and solar power generation, and oil and gas exploration activities.